Possiblity For A New Lower Low. BULL:
• 110.315
• 114.740
• 119.304
BEAR:
• 101.326
• 95.518
• 89.848
I know that the President is trying to keep oil prices low in the U.S. which explains why oil dropped as low as it did. That, and it had a gap to close according to my broker. Now that the gap is closed, trying to see if oil will make a new lower low this week, or will we hover above the $100+ a barrel mark for a little longer.
The daily bearish engulfing was also fully retested on to finish last week off as well. So The daily could be confirming the new lower low is going to be made. Let's see.
